ECB delays stimulus decision, markets open lower

The markets opened lower with the Dow falling 56 points to 17,856 as the European Central Bank delayed its decision to implement additional stimulus measures. Nasdaq added 3 points to 4,778.

On the upside

Array BioPharma (Nasdaq: ARRY) will regain worldwide rights to binimetinib and receive an upfront payment of up to $85 million from Novartis.

NextEra Energy will acquire Hawaiian Electric Industries (NYSE: HE) in a deal valued at approximately $4.3 billion including the assumption of debt.

Plug Power (Nasdaq: PLUG) will supply a telecommunications provider with its ReliOn integrated fuel cell solution and GenFuel hydrogen services.

On the downside

Aeropostale (NYSE: ARO) widened losses for the third quarter as revenue fell and forecast a larger than expected loss for the current quarter.

Cliffs Natural Resources (NYSE: CLF) terminated its tender offers for certain senior notes.

Express (NYSE: EXPR) reported lower third quarter earnings and revenue and forecast current quarter earnings below expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped 3 points to 2070. Bitcoin lost $6 to $367.
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